Financial Daily from THE HINDU group of publications
Tuesday, July 29, 2003
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FINANCIAL PERFORMANCE

Tata Elxsi Q1 net down 34 pc
TATA Elxsi, the technical computing arm of the Tata group has reported a 34 per cent decline in its net profits while its revenues grew by about 37 per cent for the June quarter in the current fiscal over corresponding previous year. Tata Elxsi ... More

SOFTWARE

Fallout of outsourcing backlash: IT services firms keep new client wins under wraps
Clients are increasingly becoming sensitive over the issue of shipping work overseas as outsourcing backlashes sways the US and the UK, which report their all-time high unemployment rates. More

Merrill Lynch triples stake in Polaris
THE foreign institutional investor, Merrill Lynch Capital Markets SA SVB, has more than tripled its stake in Polaris Software Lab Ltd to 3.88 per cent (19.99 lakh shares) during the quarter ended June 30, 2003 compared to 1.06 per cent (5.45 lakh ... More

Polaris net rises; margins under pressure
POLARIS Software Lab has reported a net profit of Rs 16.55 crore on income from software services and products of Rs 153.67 crore for the quarter ended June 30, 2003, compared to a net profit of Rs 14.36 crore on revenues of Rs 73.54 crore during ... More

New SAP suite for SMBs
SAP, the enterprise software major, on Monday launched a new software suite aimed at small and medium businesses (SMBs) in the country, which, the company says, is 30 per cent cheaper than traditional products. The `mySAP All-in-One' ... More

IT TRAINING

SSI gets EGM nod to raise capital
The resolutions are aimed at facilitating the ongoing restructuring in the company. More

OFF-SHORE DEVELOPMENT

Kanbay to set up centre in Hyderabad
KANBAY Inc, the Illinois-based solutions provider for the financial services market, has announced plans to invest Rs 50 crore to establish a technology development-cum-training centre in Hyderabad and recruit about 1,500 people in its centres ... More

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